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1547 N Silver Lane

$647,000
1547 N Silver Lane, Palatine, IL 60074
1547 N Silver Lane

1547 N Silver Lane

$647,000

Well Maintained 6 flat in Palatine, near Dundee Rd and Route 53. The entire subdivision is absolutely gorgous and all the buildings are very well kept with beautiful pond, park and stunning landscaping. Our All brick 6 flats features Five "2 bedroom" apartments and one "1 bedroom" apartment. Laundry machines on 1st floor are owned (for extra income). The list of upgrades is absolutely ENDLESS. New roof 2017, tucked-pointed 2019. Common areas washer 2019, dryer 2017, water heater 2013. Tenants pay their own electricity and heat. All units have newer electric water heaters within the last 6 years. All units have separate electric meters and all heat is electric baseboard. Owner pays ONLY water and electricity for laundry room and staircases. Association fee of $260/mo pays for exterior maintenance , garbage pick up, landscaping and snow removal. There are 16 parking permits per building and Visitor Stickers are available for $1 each. The building Fully rented (and very rarely has a vacancy). Mostly are long term tenants (since 1996, 2008, 2010..etc) The building has huge potential of increasing the income dramatically. ***FULL HUGE BASEMENT*** with storage rooms. Call Listing Broker today to schedule your showing appointment.
VIK SAGAR
VIK SAGAR Contact

Features & Amenities

Exterior

Stories 3
Utilities Sanitary Sewer, Water-Municipal
ROOF Composition
Air Conditioning Wall Sleeve
Substructure Brick

Area & Lot

Status Sold
LIVING SPACE 5,670 Sq.Ft.
LOT SIZE 2,645 Sq.Ft.
MLS® ID 11193068
Type Commercial
Year Built 1981

Financial

SALES PRICE $647,000
REAL ESTATE TAXES $13,006/yr
Zoning MULTI

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